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Egypt’s hotel market sees average 34% RevPAR growth in Q1 of 2019

Egyptian markets, such as Cairo, Hurghada, Sharm El-Sheikh, and Alexandria, continue to experience strong growth in performance levels, according to the Colliers’ MENA hotel full-year forecast 2019 report. “In the first quarter (Q1) of 2019, these markets saw an average Revenue Per Available Room (RevPAR) growth of 34% compared to the same period last year. …

Daily News Egypt

Cairo’s real estate market performance remains strong in Q1of 2019: JLL

According to the Jones Lang LaSalle (JLL) report, performance remained strong across all sectors of the Cairo real estate market in the first quarter (Q1) of 2019. JLL added that the residential sector registered mixed performance, with sale prices slowing over the quarter, while rental rates increased on the back of limited supply of rental …

Nihal Samir

Huawei to test 5G network in Cairo during AFCON 2019

Huawei Technologies Company is to launch first 5G network services trial in Egypt at the Cairo International Stadium during the period of hosting the 2019 Africa Cup of Nations (AFCON), Minister of Communication and Information Technology, Amr Talaat, said on Sunday. This came on the sidelines of a meeting between Egyptian Prime Minister, Mostafa Madbouly, Huawei’s …

Mohamed Samir

Egypt’s hotel market sees 42% RevPAR growth in 2018

Egyptian hotels in different governorates, such as Cairo, Hurghada, Sharm El Sheikh, and Alexandria saw an average revenue per available rooms (RevPAR) growth of 42% in 2018 compared to 2017, according to Colliers International’s MENA Hotel Forecast for 2019. Colliers said that Egypt’s hotels RevPAR growth is driven by both average daily rates (ADR) and …

Shaimaa Al-Aees

Uber users face technical problems in Cairo

Many users of Uber, the US based ride-hailing application, said they experienced technical problems in using the service. The company has not yet revealed the reasons behind this issue. “It doesn’t work. Both Uber website and app are down. I don’t know what is going on,” an Uber user, who has faced some problems in …

Ahmed Lamloum

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Oldest watch shop in Cairo to be demolished

  Ever since it opened its doors to the public in 1907, Nehayat Salamon, the oldest watch shop in Cairo, has been the hit place for Cairo’s elites to get and repair their unique, one-of-a-kind watches. The antique shop has a legacy of over 100 years, which will soon be put to an end, after …

Daily News Egypt

Cairo tops Africa’s cities in terms of FDI attraction in UN-Habitat report

Egypt’s capital Cairo held the first place in Africa in terms of volume of foreign direct investments (FDI) attracted, followed by South Africa’s Johannesburg in second place, then Morocco’s Tangier in third, Nigeria’s Lagos as fourth, and Morocco’s Casablanca ranked as fifth, according to the latest report issued by United Nations Human Settlements Programme, (UN-Habitat). …

Mohamed Samir

Embassy of Switzerland organises football tournament for girls in Cairo

The Embassy of Switzerland in Cairo, in cooperation with AIMZ Girls Football Academy, is organising a two-day football tournament at the Egyptian Shooting Club in Dokki. It will take place on 7-8 June. Around 190-220 teenage girls are expected to participate. A closing ceremony will be held on the evening of 8 June to hand …

Nihal Samir

Cairo, Al Khobar selected as touristic hotspots with 15%, 9% forecasted growth respectively: Colliers

Cairo hotels were named touristic hotspots by Colliers International, with a forecasted growth of 15% in revenue per available room (RevPAR). According to Colliers’ the MENA Hotel Forecast May 2018 report. The witnessed increase was driven by occupancy boosted by the growth in the corporate, MICE (meetings, incentives, conventions, and events), and leisure segments. In …

Daily News Egypt

The Arab Contractors Federation, in conjunction with the French company Feense, is set to construct the new line’s civilian facilities (Photo: Courtesy of Facebook Fan Page)

Construction on 3rd phase of Cairo metro line 3 begins

Prime Minister Sherif Ismail witnessed on Wednesday the construction launch for the third phase of the Cairo metro’s third line, which will run from Ataba to Bulaq El Dakrour at a length of 17.7 km. The cost of the entire third line is up to EGP 100bn, said the prime minister on the sidelines of …

Daily News Egypt

Uber Eats kicks off in Cairo with 100 restaurants

Uber announced the expansion of its global food delivery app to Egypt’s capital. Starting Sunday, residents of Cairo will be able to download the Uber Eats app or visit ubereats.com to order meals from a wide selection of the city’s best loved restaurants. Powered by the same technology the company employed to turn the global …

Daily News Egypt

Tarun Tahiliani brings his embroidered ambassadors to Cairo 

For centuries, the history of India has been embroidered on sarees, one golden thread at a time. The country’s vast population has documented revolutions, stories of love, and ventures of literary expeditions on brocade and draped silk. Being at the heart of the old world, the country has changed through history to keep up with …

Nayera Yasser

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From Cairo to Aswan: enter Egypt’s thriving cycling scene

Walk into Galal Zekri’s office—the man behind the 10-day Cairo to Aswan NS Crossing (North to Sourth Crossing)—and you find a Google-like, colourful atmosphere, a map of the world, and a white board of the list of engagements and plans to start on. Talk to him, and you find the most inspiring young man, looking …

Yosra El-Zoghby